VAH - Virgin Australia Holdings

[jbocker]

Most is correct - 91.3%

EAG Investment Holding Company Limited (Etihad Airways) 20.94%
Singapore Airlines Limited 20.09%
Nanshan Capital Holdings Limited (Chinese conglomerate) 19.98%
HNA Tourism Group Co., Limited (Chinese conglomerate) 19.82%
Corvina Holdings Limited (Virgin) 10.47%

I suppose part of the government's quandry is why bail out this lot, they can afford to keep it afloat themselves. Effectively an overseas owned airline

Well that puts my previous posts to the sword.
Makes me wonder what the QANTAS ownership breakdown is like.

 

[Country Lad]

Well that puts my previous posts to the sword.
Makes me wonder what the QANTAS ownership breakdown is like.

As I understand it, still 50% maximum overseas allowed under the agreement for privatising way back.

 

[Country Lad]

If in fact VAH goes down the tube, then there is no doubt that we need another domestic airline. The international side doesn't worry me because there will be enough competition in that market with all the State owned airlines flying around.

So, my view is that we need to look at what can be done domestically. There will be significant number of aircraft sitting on the ground all over the world looking for lessees at realistic prices, so I would like to see the government assist REX and others if willing, (together or separately) to expand their operations after this is over, so strengthening domestic and regional air routes against what could otherwise become a Qantas/Qantaslink virtual monopoly.

I reckon that is far better than propping up a failed airline owned over 90% by overseas airlines/governments.

 

[jbocker]

If in fact VAH goes down the tube, then there is no doubt that we need another domestic airline. The international side doesn't worry me because there will be enough competition in that market with all the State owned airlines flying around.

So, my view is that we need to look at what can be done domestically. There will be significant number of aircraft sitting on the ground all over the world looking for lessees at realistic prices, so I would like to see the government assist REX and others if willing, (together or separately) to expand their operations after this is over, so strengthening domestic and regional air routes against what could otherwise become a Qantas/Qantaslink virtual monopoly.

I reckon that is far better than propping up a failed airline owned over 90% by overseas airlines/governments.

Love your thinking Country Lad. Maybe I can rescue some 'argument' from the previous post just remove VAH comment. Maybe something similar like Royalties for Regions sponsoring Australian inter and intra state travel and bolster the Royal Flying Doctor service along with it.

 

[Boggo]

This is a worry I guess ?

https://www.afr.com/street-talk/vir...wzzc83jyxFLcafRc5YUdrk-nj7OPbarrSr9y5DOhM8r5U

 

[sptrawler]

This is a worry I guess ?

https://www.afr.com/street-talk/vir...wzzc83jyxFLcafRc5YUdrk-nj7OPbarrSr9y5DOhM8r5U

Sure is Boggo, if the owners wont put money in, the Government would be off its rocker to bail them out.
Like I said in an earlier post, maybe it proves Australia is too small a market place for two major airlines, it isn't as though history hasn't shown it to be so.
Ansett, Compass, even Qantas nearly went ar$e up a few years ago untill the Government bailed them out.
Trawl through this lot, at your leisure.
https://en.wikipedia.org/wiki/Category:Defunct_airlines_of_Australia

 

[Value Collector]

Heard some chat that if the govt bails VAH out then why not govt get some ownership in the form of shares. When VAH gets on its feet again and is in profit the govt can sell it off (not to foreign ownership). Currently what stops a foreign interest buying it up now at a bargain anyway. Keeps VAH in the air and QANTAS to be competitive and not a monopolised airline.

Virgin has offered an ownership stake to the government as a sweetener for supplying a loan didn’t they?

 

[Boggo]

Sure is Boggo, if the owners wont put money in, the Government would be off its rocker to bail them out.

I guess that the big five investors are feeling it too at the moment and are obviously not willing to take on additional debt. I could say that they are willing to take profit but I don't think they have had any of that either.
I live in hope for all the staff, having been a part of the Ansett debacle I know what they must be feeling.

 

[sptrawler]

I guess that the big five investors are feeling it too at the moment and are obviously not willing to take on additional debt. I could say that they are willing to take profit but I don't think they have had any of that either.
I live in hope for all the staff, having been a part of the Ansett debacle I know what they must be feeling.

Yes Ansett from memory, was one of the messiest Australian business train wrecks in recent history.

 

[jbocker]

Virgin has offered an ownership stake to the government as a sweetener for supplying a loan didn’t they?

Not sure VC.

 

[Boggo]

Telling it how it is ??

https://www.livewiremarkets.com/wires/virgin-is-better-off-going-through-insolvency#

 

[Dona Ferentes]

Ansett, Compass, even Qantas nearly went ar$e up a few years ago until the Government bailed them out.
Trawl through this lot, at your leisure.
https://en.wikipedia.org/wiki/Category:Defunct_airlines_of_Australia

Great trawl

Of course, Compass has iteration I and II. Couldn't find Bush Pilots of Australia, but there it is, absorbed into Air Queensland... those Metroliners were scary, short wings such a high runway speed!

 

[Dona Ferentes]

Virgin had $4.8 billion in interest-bearing liabilities at December 31 and $900 million in unrestricted cash and short term investments. Its next debt maturity is a $US350 million ($546 million) bond due in October 2021.

The company's equity value was $720 million prior to the halt, although it is widely recognised by major shareholders that their investments will be wiped out as part of the looming restructure.

- and if you're not going anywhere, then you're going backwards

 

[Boggo]

... those Metroliners were scary, short wings such a high runway speed!

Nah, great fun when you put on your big boy pants, just a scaled down 727

 

[sptrawler]

Telling it how it is ??

https://www.livewiremarkets.com/wires/virgin-is-better-off-going-through-insolvency#

Great to read someone who just states it as it is, rather than the PC and politically loaded rubbish normally dished up, good article Boggo.

 

[Country Lad]

Couldn't find Bush Pilots of Australia, but there it is, absorbed into Air Queensland... those Metroliners were scary, short wings such a high runway speed!

Actually, Bush Pilots Airways changed its name to Air Queensland and was later taken over by TAA. I have the dubious distinction of flying in the Metroliner back and forth Townsville to Mackay at least once, usually twice per week.
I always managed the front seat at the door which was the only one with legroom. Essential equipment was ear plugs. Bushies bought a secondhand one at one stage from South America - complete with bullet holes.

 

[Dona Ferentes]

Actually, Bush Pilots Airways changed its name to Air Queensland and was later taken over by TAA. I have the dubious distinction of flying in the Metroliner back and forth Townsville to Mackay at least once, usually twice per week.
I always managed the front seat at the door which was the only one with legroom. Essential equipment was ear plugs. Bushies bought a secondhand one at one stage from South America - complete with bullet holes.

Calling it Bushies
They had some standards .. I left my Akubra on the rack, flying into Emerald. Got it back a week later. ( but, oh, the legroom!)

 

[Country Lad]

Calling it Bushies

It was universally known as Bushies, particularly by the staff and the owners. The history is worth a read. I was fortunate to have had a bit to do with them and some of the owners for quite a few years.
Bushies: a History of Bush Pilots - Air Queensland

 

[qldfrog]

Seems our tax dollars are going to both Virgin and Qantas

 

[Garpal Gumnut]

Seems our tax dollars are going to both Virgin and Qantas

As it should in a free market.



Thinks.

gg